Integrated Advisors Network LLC Decreases Stock Holdings in Exxon Mobil Co. (NYSE:XOM)

Integrated Advisors Network LLC trimmed its position in shares of Exxon Mobil Co. (NYSE:XOM - Free Report) by 37.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 51,889 shares of the oil and gas company's stock after selling 30,583 shares during the period. Integrated Advisors Network LLC's holdings in Exxon Mobil were worth $5,582,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. 10Elms LLP purchased a new stake in shares of Exxon Mobil during the 4th quarter worth approximately $25,000. Fairway Wealth LLC purchased a new stake in shares of Exxon Mobil during the 4th quarter worth approximately $31,000. Keystone Financial Group Inc. purchased a new stake in shares of Exxon Mobil during the 4th quarter worth approximately $36,000. Compass Planning Associates Inc purchased a new stake in shares of Exxon Mobil during the 4th quarter worth approximately $47,000. Finally, Synergy Investment Management LLC purchased a new stake in shares of Exxon Mobil during the 4th quarter worth approximately $47,000. 61.80% of the stock is owned by hedge funds and other institutional investors.

Exxon Mobil Trading Up 0.4%

Exxon Mobil stock traded up $0.38 during mid-day trading on Thursday, hitting $102.49. The company's stock had a trading volume of 7,577,833 shares, compared to its average volume of 15,516,085. Exxon Mobil Co. has a one year low of $97.80 and a one year high of $126.34. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.97 and a current ratio of 1.31. The company has a 50 day moving average of $107.50 and a 200-day moving average of $110.02. The stock has a market cap of $441.71 billion, a PE ratio of 13.07, a P/E/G ratio of 3.02 and a beta of 0.51.

Exxon Mobil (NYSE:XOM - Get Free Report) last posted its quarterly earnings results on Friday, May 2nd. The oil and gas company reported $1.76 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.73 by $0.03. Exxon Mobil had a return on equity of 12.92% and a net margin of 9.63%. The business had revenue of $83.13 billion for the quarter, compared to the consensus estimate of $86.11 billion. During the same quarter in the prior year, the company earned $2.06 EPS. The business's revenue was up .1% compared to the same quarter last year. On average, research analysts anticipate that Exxon Mobil Co. will post 7.43 EPS for the current year.

Exxon Mobil Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Thursday, May 15th will be given a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.86%. The ex-dividend date is Thursday, May 15th. Exxon Mobil's payout ratio is 52.52%.

Analysts Set New Price Targets

Several analysts have recently issued reports on XOM shares. Piper Sandler reaffirmed a "hold" rating on shares of Exxon Mobil in a report on Wednesday. UBS Group decreased their price target on Exxon Mobil from $135.00 to $131.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Scotiabank decreased their price target on Exxon Mobil from $140.00 to $115.00 and set a "sector outperform" rating on the stock in a report on Friday, April 11th. The Goldman Sachs Group decreased their price target on Exxon Mobil from $125.00 to $123.00 and set a "neutral" rating on the stock in a report on Friday, January 31st. Finally, Wells Fargo & Company decreased their price target on Exxon Mobil from $136.00 to $135.00 and set an "overweight" rating on the stock in a report on Monday, February 3rd. One research analyst has rated the stock with a sell rating, ten have given a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, Exxon Mobil currently has a consensus rating of "Moderate Buy" and an average price target of $125.50.

Exxon Mobil Profile

Exxon Mobil Corporation engages in the exploration and production of crude oil and natural gas in the United States and internationally. It operates through Upstream, Energy Products, Chemical Products, and Specialty Products segments. The Upstream segment explores for and produces crude oil and natural gas.